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FOX News
Dec 2, 2012 7:00am PST
a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says the president is ready for what he calls difficult concessions. mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done. peter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between election day and t
FOX News
Nov 29, 2012 10:00am PST
meets with congressional leaders ability the fiscal cliff, house speaker john boehner says there's no progress to report. so what now? we'll have a fair and balanced debate just ahead. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. ♪ megyn: well, some good news for new yorkers, and this we're told may be a first. the new york daily news reports that no shootings, stabbings or even slashings were reported on monday. [laughter] congratulations! and while it's rare to go an entire day without such violent crimes near new york, some say it's not a total surprise. you see, the current stats show the nypd is on track to finish 2012 with just over 400 murders reported. that's a far cry from 1990 when more than 2,000 murders were recorded, so, you see, everything is relative here in new york city. just like in your town, right? ♪ megyn: that is the kind of report that makes nana pick up the phone and call me and say why do you live in that city? okay. there is a new government watchdog report just released to congr
FOX Business
Nov 29, 2012 7:00pm EST
that all eyes in the fiscal cliff spinoff are now turn on the white house. to take all of this up tonight, the politics and policy in the games being played by both sides in washington dc, we will be joined by richard shelby, the ranking republican of the banking committee. he joins us. congressman devin nunes, chairman of the ways and means committee to tell us what kind of effort it will take and who will be blamed for failure to stop these tax hikes and trillion dollar budget cuts. bradley graham is among our guests tonight. here are the details on exactly what secretary geithner has proposed on behalf of the president to avoid the fiscal cliff. according to the republicans in that meeting, the offer includes $1.6 trillion in new revenue. that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimulus spending in the next fiscal year alone. mind you, of course, the republicans looking for spending cuts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 bill
FOX Business
Nov 29, 2012 11:00am EST
the president's fiscal cliff plant to republican house speaker john bain and not buying it. he just said white house needs to get serious and the markets are turning lower. also had fiscal cliffs survival kit home additions that you contain right now to prepare. dennis: blamed superstorm sandy. retailers playing the blame game for week november same store sales. analysts already asking what it really the storm or the economy did pull those numbers down? cheryl: we are watching a power ball conference this hour with more details expected on the two winners of the $580 million record jackpot from missouri and arizona. of gone home to buy my ticket. dennis: stocks every 15 minutes, nicole petallides, for the stock exchange where stocks the suddenly lower on more cliffphobia. nicole: i can say in the wall street traders saying every headline out of washington moving this market, fiscal cliff phobia is a good way to say it, whatever you want to call it we have seen so many dramatic moves in the market, a particular companies making moves in preparation or all been wary about the fiscal cliff, let's
CNN
Dec 5, 2012 1:00pm PST
to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >> what's mood inside the conference. >> very united, very supportive with the speaker. >> multiple sources tell cnn in a private meeting with house republicans, boehner got no flow back for producing $800 billion in
CNN
Dec 5, 2012 4:00pm EST
. >>> a pair of prominent house members will exchange their views on how to avoid the fiscal cliff, whether republicans should declare they've already won, what's going on. stand by. >>> also ahead, a radio station turns into an international embarrassment. you're about to hear what happened when royal impersonator s entered the hospital where prince william's wife is staying. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. wanted to provide better employee be
FOX Business
Nov 29, 2012 1:00pm EST
over the fiscal cliff, instead congress and the white house, this one happening on twitter. melissa: dennis kneale is covering the story with the latest. i love this one. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats. they been acquired sponsorship rights for my2k, they often see paid messages opposing the obama tax hikes. they run the gamut. some talk about the sudden switch to now playing up keeping tax cuts for everyone else. others make fun of my2k origins. a few samples. obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24
FOX News
Dec 3, 2012 1:00pm PST
and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i know you are leaving the senate and i have always said, and i am not blowing you smoke you are one who tries to find areas of agreement and move the ball forward and we can be dogmatic all we want but in the end, you have reminded me, senator, it is about getting things done and right now washington is the hatfields
MSNBC
Dec 3, 2012 11:00am PST
the american people about the fiscal cliff. it's part of the white house push to build support. the president has answered a few questions so far. let's get backe to kristen welker. she's monitoring the exchanges. what have we learned, kristen? >> reporter: good afternoon. most exchanges have to do with questions concerning increasing taxes on wealthier americans as well as cuts to sbimgentitlemen. one exchange caught our attention. this is from mandy. as a recent college grad bout wout a full time job these cuts wouldn't help me, would they? the president responds kitts without revenue equal reductions in student loans, work study and college tax credits expire. bad for growth. the president says like your hair. she has purple hair, tamron. a lot of questions pouring in. as you know when you look at the polls about 60% of americans agree with president obama's plan to increase taxes on those making $250,000 or more. if you look at questions coming in, there's still concerns about those ideas, so the president answering those this afternoon. this is really like a twitter town hall. he used a
FOX Business
Nov 29, 2012 10:00pm EST
of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithner in a closed-door meeting. the treasury secretary reiterating the president's call for $1.6 trillion in new tax revenue and timothy geithner rrently offering nothing in return. in lieu of federal pending. >> first, despite the claims that the presint supports a balanced appro
CNN
Nov 30, 2012 1:00pm PST
, education and housing assistance. as referred to as the fiscal cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i mean, if you look back to the debt ceiling in the summer of 2011, you recall the president was accused of negotiating with himself because it was sort of a time of weakness for him. right now, look, joe, he's just won re-election. 67% of the american public according to our polls believes that there should be a deal that contains a combination of spending cuts and tax increases. more than half of the american public says, you know what, we'd like the taxes on the wealthy to go up. so he does have public opinion on his side. just been re-elected. s
FOX News
Nov 30, 2012 3:00am PST
's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first tim
FOX News
Dec 2, 2012 9:00am PST
on fox news sunday. discussing the stalemate of the fiscal cliff between white house and republicans on capitol hill. i sat down with the anchor chris wallace to hear more about the exclusive interview interviews. >> you had two key players. >> we had tim geithner the point man for president. and john boehner, the point man for the congressional and house republicans. >> geithner made the offer to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can't be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it done. >> you get a sense hearing from both of them that is a real possibility. what do you make of the negotiation of the tactic? it seems like what secretary geithner behalf of the president brought to t
CNBC
Nov 29, 2012 9:00am EST
the fiscal cliff, many high income earns are taking steps to sell their houses, stocks and even businesses before the end of the year. you're going to name names? >> one of the advantages of being wealthy is that you could manage your income around taxes and the wealthy are doing a lot of income managing right now, with tax rates scheduled to go up next year for capital gains, dividends, salaries, they are racing to take their gains before january 1. many rich entrepreneurs, they have their own private companies, if they planned to sell those businesses anyway this year, they're struggling to do it now. george lucas sold his -- a broker in miami told me that the sale of a $38 million home is -- wealth advisers tell me the rich are also churning or selling stocks if they have a large gain, they're taking that now. we're seeing that selling pressure in the market, you guys have been talking about that a lot recently. some of the biggest money is coming from dividends, both private and public companies. taxes on dividends could more than triple next year, more than 100 companies have already
FOX News
Nov 29, 2012 8:00am PST
, saying he is slightly pessimistic. he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most
FOX News
Dec 2, 2012 1:00pm PST
the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll talk about sandy and impact on the economy in the next hour. you can catch brend
FOX News
Nov 29, 2012 3:00pm PST
house is saying spending cuts will likely be included a final fiscal cliff deal, the devil is in the detail. what is to be cut. there are plenty of places to look. >> while democrats and republicans were speaking over each other at dueling press conferences -- >> the spending is out of control. >> now is the time for the republicans to move past the happy talk about the revenues. put specifics on the table. >> nonpartisan citizen against the government waste laid out specifics to identify 392 billion in spending cuts next year. $1.8 trillion in cuts in five years. >> it's close to the $4 trillion figure that is thrown around as the objective for the discussions on reducing deficit. >> agricultural spending alone they found $85 billion in savings. it suggests eliminating the rural utility service, legacy of the roosevelt era. rural america is now electrified. killing that service could save 44 billion of the five years. eliminate ethanol subsidiarie subsidiaries. they cause farmers to grow corn for food not fuel. i would save $30 billion in five years. eliminate sugar subsid
FOX Business
Dec 3, 2012 1:00pm EST
at 2 p.m. eastern time, about the fiscal cliff all part of the white house's my2k twitter campaign w-9 president drumming up support for taxes on the rich. george hw bush in stabbe condition after receiving stream for a bronchitis-related cough. the 88-year-old has been in the hospital for a week receiving treatment visited by several of his children including former president george w. bush. the royal family getting a new member. the st. james' palace saying they are expecting a baby. the queen and members of the both pams are delighted with the news. the duchess is in the very early stages of pregnancy. those are the head lines. >> oh, that's fun. a royal baby. >> yes, thank you, lauren greern. >> sure. >> to charlie, the president must want fat cats to support the plan to end the fiscal cliff impasse. we have the behind the scene meetings between the executives. >> caught a lot of people by surprise. it was last week where deputy secretary of state, tom nides, went to the city, held a series of meetings, which senior wall street executives, the two meetings i know about, larry fink,
FOX News
Dec 2, 2012 8:00am PST
to change to not santa but to the white house. >> jamie: maybe santa will help with the fiscal cliff. >> eric: man, does santa need to help with this one. no proposal, have you heard about this? it deals with the debt limit. the president wants to take congress' power away over that to do it himself. republicans say what? some on wall street, though apparently support it. we'll fill you in. >> jamie: also, the freight train that carried dangerous chemicals and derailed it, literally jumped the tracks. investigators are out there today. they say they may know what contributed to the crash. it really affected residents trying to cope. >> we have the workers coming in. we are asking them questions like what is going on, how is it going, what are we supposed to do? it seems no one knows anything. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >> jamie: stories making headlines this hour, taliban homicide bomber attacking a joint u.s. and afghan base in afghanistan. five afghan seasonals k
MSNBC
Nov 30, 2012 8:00am PST
the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled with smart people. they must have a serious strategic plan. >> let's get straight into this and joining me now is senator barbara boxer, democrat from california. senator, it is great to have you with me this morning. >> thank you. >> just for everybody that's watching, i want to break down what the proposal is from the president that was offered yesterday. $1.6 trillion in tax cuts. $400 billion in cuts to medicare and other entitlement programs. $50 billion additional in stimulus spending. no real structural reform to entitlement programs. no spending cuts. instead, stimulus spending. obviously, the president
CNN
Dec 3, 2012 2:00am PST
meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal >>> the time has finally come, cory booker taking the food stamp challenge this week. the newark mayor will only be eating with food he can buy for $37. that is the average food stamped benefit in his week. booker said he will be giving up coffee because he can't afford it. that will be tough for us. >> no doubt. >> interesting to see at the end of that how he does. >> i'm sure he will be documenting on twitter what goes on during those days. coming up, one of the strangest cases of cosmetic surgery, can't make this up. did you read about this? mustache implants. that's right. we'll tell you about it next. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male
FOX News
Dec 3, 2012 6:00am PST
's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we
CNBC
Nov 29, 2012 1:00pm EST
after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we
CNN
Dec 2, 2012 9:00am PST
to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. with montana governor brian schweitzer, and former hewlett-packard ceo carly fiorina. and susan page of usa today. i am candy crowley. and this is "state of the union." republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid
CBS
Dec 5, 2012 5:30pm PST
before that so- called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> pelley: by top 2%, he means individuals making more than $200,000 and couples taking in $250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $40,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett
CNN
Dec 3, 2012 4:00am PST
're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking about is the president's plan which was delivered to gop leaders last week by the treasury secretary, timothy geithner. ca calls for $1.6 trillion in new revenue. republicans say that figure is unacceptable. until they present their own plan the white house is standing by that proposal right now. despite the parties and lines in the sand we're joined by two republican law make rs. i've overwhelmed by republican lawmakers this morning. >> you're surrounded, soledad. >> connie mack is with us this morning and mary bono mack. i'm used to it on this show. it's interesting to hear boehner saying, listen, nowhere, period. nowhere. which sounded very final a
CNN
Nov 30, 2012 9:00am PST
the rope line. he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting position from the white house. what secretary geithner laid out when he was visiting capitol hill yesterday was the headline $1.6 trillion in new taxes as part of their overall vision to increase those taxes for people making $250,000 more, but that also includes some changes to how much people can deduct, closing loopholes. increasing taxes for dividends and capital gains and some other things. then some other aspects of the wish list from the president. $50 billion in new stimulus spending next year, and then in return they would find $400 billion in cuts to medicare and other entitlements
CNN
Nov 29, 2012 8:00pm PST
the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what geithner listed out what the numbers and put on the table? >> he put out a number of $1.6 trillion in new taxes. that was, according to republican officials, a surprise. they expected a much smaller number and that has republicans crying foul. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 trillion into tax cuts next year and will rg to compromise on more. bottom line, mo
FOX Business
Dec 3, 2012 3:00pm EST
than $2 trillion in deficit reductions in their latest effort to avoid the fiscal cliff. the cuts would take effect over a decade's time. they're also proposing to increase the eligibility age for medicare and to lower the cost of living hikes in social security. meanwhile, house democrats are saying mf global play about thely misled finra on the firm's edges pose your the -- exposure to the european debt crisis. the comments are an addendum to the majority staff report on mf global. and research company comscore reports online sales reached nearly $20.5 billion during the first 30 days of the holiday season. tablet computers continue to drive online sales. and now we continue our "countdown to the closing bell" with lori rothman. lori: one hard luck chip maker pushing higher as it announces plans to raise cash. lauren simonetti at the new york stock exchange with this one. lauren? >> reporter: hey, lori. advanced micro devices, it's one of the oldest chip makers, and it's cash strapped. so, essentially, it's going to sell its campus, 58 acres of it, and then lease it back so it can mai
CNBC
Dec 6, 2012 6:00am EST
one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax in 2013. rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last year. we'll be talking about the future of apple and the outlook for its stock a little later this morning with jonathan geller of the boy genius report. >> good old bump on the road on the way to a trillion dollar market cap. got to 600 pretty easily. and now it's back at 500. above 600 i guess. tough to get to a trillion dollar market cap. cisco got to 600 billion once, too. it's at 100 billion. apple still at 500. we talked about are they going to come out with the chartreuse slightly smaller mini ipad. and that's going to be the -- a lot of people waiting in line for that one. >> i do have to say, i'm in the market for a mini ipad. >> not for the max ipad? >> no, i want something smaller to carry around,
CNN
Nov 29, 2012 4:00pm PST
.vitac.com >>> "outfront" next, breaking news. we are finding out what the white house put on the table to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no, but palestine gains size in the u.n. a country. the legal ramifications for israel are not significant. and a month ago, a woman dies after doctors refused to perform her abortion. the woman's husband makes a major announcement today. let's go "outfront." we have breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing
CSPAN
Dec 5, 2012 12:00pm EST
'll discuss the implications of the fiscal cliff, and what happens if we don't get some work done by the house to pass the middle-income tax cut. we have to continue to focus on middle-income families, their lives, their struggles and what we can do to ensure they have more dollars in their pocket to continue economic growth. with that, mr. president, i will yield the floor. and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. schumer: mr. president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be repealed. the presiding officer: without objection. mr. schumer: thank you, mr. president. first i want to thank my great colleague from pennsylvania, i enjoyed sharing a table last night with him and his beautiful, charming, intelligent wife, who he's lucky he would be the first to admit he's lucky to have married, and their four great girls. but second, thank him for his excellent, as usual, on-target remarks. we have a great chairman of the j.e.c. and every time he comes to the floor, it sh
CBS
Dec 2, 2012 8:30am PST
on where the argument over the fiscal cliff goes. and the consequences if congress fails to get agreement. we'll talk to maya macguineas, head of the campaign to fix the debt. mark zandi of "moody's "analytics. and our own john dicker sen. captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. treasurer treasury secretary tim geithner laid out the emotion's opening offer on how to fix the debt. it wasn't what the republicans want to hear. basically geithner said no waw to cut a deal without raising taxes on upper income americans. even though, he said he's optimistic some kind of deal can be reached by the end of the year, and he said 98% of americans will not see a tax rate increase. here's what he told us when we sat down with him. >> i do think we're going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose t
FOX News
Nov 30, 2012 10:00am PST
is in the latest white house plan for dealing with the so-called fiscal cliff. today, senator john cornyn tells us what happened inside of a meeting between the treasury secretary and a senate budget committee. and what the treasury secretary told the gop behind closed doors. senator john cornyn is not happy. and you can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] li
CNBC
Dec 5, 2012 1:00pm EST
to be that congress, 435 members of the house, are going home at the taxpayers' expense on this day with the fiscal cliff not resolved in any meaningful way. congressman walz, thank you very much. >> yeah, i really appreciate it. >>> shares of freeport mcmoran the worst performer on the s&p. shares moving lower here. after the conference call hard-edged questions coming from one of its major shareholders. cio blackrock's natural resources team abby hambrook saying they should put this issue to shareholders an they feel like they have broken investors' trust by diversifying into energy with these $9 billion deals. back to you, sue. >>> we are just off the highs of the day, up 130 points. we'll continue to follow the markets for you. >>> plus, emergency landings and inspections by regulators. growing pains for boeing's new dreamliner. >>> plus, netflix's deal with disney. is it really a game changer? phil lebeau and julia boorstin all over those big stories. phil, you first. >> sue, right now as we speak a technical team from boeing is in new orleans looking at that dreamliner after the emergency lan
CSPAN
Dec 3, 2012 8:00pm EST
: looking at specific aspects of what is at stake with these social -- the so-called fiscal cliff. go to c-span.org/fiscalcleiff fr a clearing house of stories about it. speaker john vader was talking about negotiations yesterday. let's talk about where he sees things. [video clip] >> the president's idea of a negotiation is to roll over and your guy asked. we need to find common ground and we need to find it quickly. >> again, because you kind of did not answer it the first time, what are the chances that we will go over the cliff? >> there is clearly a chance but let me tell you, i might be an easy guy to get along with. in ausly, i've worked bipartisan way on a number of agreements. but i am determined to solve our debt problem. and we have a serious spending problem and is going to be dealt with. >> and if the white house is unwilling to deal with it, are you prepared to -- >> we are going to deal with america's debt problem. >> and if they do it in a way that is unacceptable to you? >> we are going to deal with it. we are not going to kick the can down the road anymore. >> so if id --
CNBC
Nov 29, 2012 3:00pm EST
leader in the house, is going to wait until after the close to make any comments about the fiscal cliff. but the market's been moving anyway. i mean, take a look at today. again, it's another day where wall street is fixated on washington. you had decent gdp data this morning. they revised the latest quarterly data upward. that gave us a nice little rally until speaker boehner came in and said he was disappointed in the progress, that no progress had been made between the house and the white house in the last two weeks. that sent the market lower. then harry reid said, well, with we all know where we stand at this point. chuck schumer of new york said he was convinced we would have a deal by christmas. that brought the market back. we were up 40, 50 points at that point. now we've been doing a little stutter step waiting for nancy pelosi. that doesn't look like we're going to get anything in the meantime. ben willis, you've been trading this market well the last couple weeks here. are you trying to trade the fiscal cliff rhetoric? what do you do here? >> you have to buy the dips. when t
CSPAN
Dec 3, 2012 5:00pm EST
, probably not that many. let that pass. that addresses the fiscal cliff and says to the american people we can take action on things we agree on. it's good for everybody, the economy, fiscal cliff and it would set a tone here in washington that we can get something done when we work together cooperatively. so we've been explicit, specific. we look forward to specificity from republicans. >> there are now countdown clocks -- [inaudible] those of us who have been lucky enough to study the legislative body we have an idea of how things go. there's more and more lawmakers who look at it and say it's december 15th. if you have an agreement and have the time necessary for it to be read, digest it, debated before christmas. the president shares that timeline. it's not december 1st. it's something of a practical matter much earlier than that. is that is that in any way create a sense of urgency? >> the sooner the better that we receive specificity from republicans about what it is they would do on revenues, for example, what it is they want on spending cuts, for example. we will be able to move fo
MSNBC
Dec 3, 2012 9:00am PST
29 days until the country reaches the so-called fiscal cliff. and only 19 of those are business days. as yet there's been no counteroffer from the gop but today "the wall street journal" advises republicans to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luk
CNBC
Dec 5, 2012 5:00pm EST
. unlocking the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on th
CNN
Dec 2, 2012 6:00am PST
on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it's -- you know, ridiculous, it's a nonstarter. when you went up there, you didn't think republicans were going to go good idea. >> you know, what we're trying to do is get these guys to come together and reach an agreement that's going to be good for the country and good for the question xhe. >> by these guys you mean you all and the republicans. >> and democrats together. >> and the white house. >> that's what we're trying to do. what we did was put forward a very comprehensive, very carefully designed mix of savings and tax reforms to help us put us back on the path to stabilizing our debt and fixing our debt and living within our means. we've been very detailed about how to do that, both on the spending side and revenue s
CSPAN
Dec 5, 2012 9:00am EST
are necessary to avert the fiscal cliff, it is worth noting that he has abandoned any pretense of seeking a balanced approach to deficit reduction. last week's proposals in the white house amount to little more than a massive set of tax increases. by the way, far in excess of the tax hikes that he ran on or anything that senate democrats would support coupled with new spending. even democrats don't support what he called for. and his response to speaker banspeakerboehner's balanced plt year welcome back to raising taxes again. it hato cap to off, they have tn in a fresh demand that would limit any -- would eliminate, rather, any limit on the federal debt. the proposal outline bid treasury secretary geithner last week shows that if given a chance, democrats will never use new taxes to reduce the deficit. they will instead use it to pay for larger government, more public workers, and more government waste. we need to have a serious conversation about our federal debt, which is now over $16.3 trillion and going up every day. how do we get that number under control? the president and his demo
MSNBC
Dec 6, 2012 11:00am PST
a fiscal cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. bp has
CNBC
Nov 30, 2012 6:00am EST
on the fiscal cliff. today's politico's morning money reports the bank's employees have sent more than 15,000 letters to congress in the past into days. all 100 senators received letters from morgan employees and 398 of 436 house members received letters. >> andrew is not out because of rutgers. >> i think he's at home crying for me. no. he's on vacation. >> the latest fund flow data shows investors did in fact pour money into stock etfs amid the optimism that we had for a while about the fiscal cliff. stock etfs raked in about 7.7 billion in new investor cash in the weeks that ended wednesday. that's the most money since the week that the fed announced it's extended stimulus plan. meantime bond mutual funds and etfs combined attracted 1.8 billion in cash and that's the most in three weeks and more than double the previous week's in-flows. two economic reports of note today at 8:30 eastern, personal income and spending polled economists are looking for income to rise by 0.2%. while spending increases by 0.8%. also on the calendar today, but after the show, so never mind -- no. november ch
CNN
Dec 6, 2012 1:00am PST
officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be
CSPAN
Dec 6, 2012 12:00pm EST
billion. passing a good farm bill can be part of the solution to the fiscal cliff. the reality is, solving our nation's fiscal problem is achievable. we can find real budget savings in a far more thoughtful way than doing it through sequestration. reforming our tax code, reforming entitlement programs, and better control of our spending will work. add a measure of good-faith bipartisanship and we can get our nation growing again and we can get people back to work. for the sake of our country, we need to do it and we need to do it now. madam president, i'd like to address one other matter. i rise today to honor the lives of two north dakota soldiers who were killed in action on monday, december 3, in southern afghanistan while serving in support of operation enduring freedom. sergeant first class darren m. lindy and specialist tyler j.orguard were both members of the north dakota national guard assigned to the 818th engineering company. their unit has been tasked with an important but dangerous mission. they were conducting a route clearance operation when their vehicle struck an i.e.d. on
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